The Personal Consumption Expenditures index — the Federal Reserve’s preferred inflation measure — held at a 3.7% annual pace in July, slightly higher than forecasted and reflecting persistent cost pressures for consumers. Economists polled by FactSet had predicted a 3.6% annual increase. Wednesday’s report instead showed that inflation remained unchanged from June. PCE tracks changes…
Democrats on Saturday approved a new presidential nominating calendar for 2028, cementing South Carolina’s place as the first official Democratic primary state, as the party looks to elevate states that better reflect its diverse coalition of voters. The vote came during the Democratic National Committee’s summer meeting in Austin, where members signed off on a schedule that…
Shopping for plane tickets and comparing airfares across carriers could become more complicated if a Department of Transportation proposal to change current regulations moves forward, according to aviation industry experts. An existing federal rule requires airlines to show consumers the total ticket price, including the fare plus taxes and fees, more prominently than individual ticket…
The Consumer Price Index rose 2.4% in January from a year ago, below economists’ forecasts and a sign that price pressures across the U.S. are easing. By the numbers The CPI was expected to rise 2.5% on an annual basis last month, according to economists polled by financial data firm FactSet. The January CPI represents…
The Consumer Price Index rose at an annual rate of 2.4% in February, unchanged from the prior month and representing a cooler pace than economists had forecast. The Labor Department data captures the period before the Iran war broke out in late February. Since then, oil prices have surged, driving inflation concerns among investors. “Inflation was starting to ease in…
Inflation across the U.S. accelerated in May as the shock to global energy supplies from the Iran war continued to push prices higher. The Consumer Price Index rose at an annual rate of 4.2%, up from 3.8% in the prior month and marking the highest level since April 2023. By the numbers Economists polled by financial…
Washington — The House on Tuesday approved a short-term extension to fund the government until Dec. 4, hoping to punt the annual funding fight past the November midterm elections. The funding patch, known as a continuing resolution, passed in a 220 to 205 vote. Six Democrats voted with all but one Republican in favor. “The…
